Eagle Point Income Enters Oversold Territory

Eagle Point Income Company Inc (EIC) has become oversold with a Relative Strength Index (RSI) reading of 28.9, which suggests heavy selling is exhausting itself. Its recent annualized dividend of 1.32/share works out to an annual yield of 13.84% based on the recent share price of $9.54. Investors should investigate the company's dividend history to decide if the recent dividend is likely to continue.